UK REWARDS AND SALARY SURVEY 2016:

STUDENT ACCOMMODATION

EXECUTIVE SUMMARY AND FINDINGS

INTRODUCTIONIn its first year, the Property Recruitment Company’s Rewards and Salary Survey has sought to address an absence of research into salaries of professionals within the student accommodation sector. The Property Recruitment Company has recognized the importance of examining such trends in a sector with such unprecedented growth. 300 participants were surveyed between February 2016 and March 2016. Besides statistics on current salaries, salary change and current bonus and bene�t packages, the results give an insight into wider issues such as employee satisfaction, anticipation for the future and perception of incentives. The results will give openness on staff benefits that has not yet been achieved within the sector. Because of rounding, some percentages may not add up to 100%.Thanks must go to the people who took time to participate in the survey.

YEARS EXPERIENCEHow many years have you worked within the student accommodation sector?

The highest percentage of employees have 2-3 years’ experience (27%), with the least having 0-1 years’ experience (16%) in the sector.

0

5

10

15

20

25

30

0-1years 2-3 years 3-5 years 5-10 years 10years+

AVERAGE SALARY BY REGION AND LEVEL OF RESPONSIBILITYASSISTANT ACCOMMODATION MANAGER

For assistant accommodation managers, the average salary for most regions is £11-£20,000 apart from London that has an average of £21-£30,000.

south east london

£-£10,000 £11-£20,000 £21-£30,000 £31-£40,000

east anglia midlands

south west yorkshire north west/east scotland

£-£10,000 £11-£20,000 £21-£30,000 £31-£40,000

AVERAGE SALARY BY REGION AND LEVEL OF RESPONSIBILITYACCOMMODATION MANAGER

For accommodation managers, the average salary for most regions is £21-£30,000. London has higher average salaries of £31-£40,000, while East Anglia and the North West/East has high averages in the £11-£20,000 bracket.

South east

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000

London

£11-£20,000 £21-£30,000 £31- £50,000£40,000 £41-

east anglia

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000

west midlands

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000south west

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000

yorkshire

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000

north west/east

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000

scotland

£11-£20,000 £21-£30,000 £31-£40,000 £41-£50,000£11-£20,000 £21- £30,000 £31-£40,000 £41-£50,000

AVERAGE SALARY BY REGION AND LEVEL OF RESPONSIBILITYREGIONAL MANAGER

For regional managers, the average salary is mixed across most regions. London boasts high average salaries of £51-£60,000 and £61,000+.

south east london

£-£10,000 £11-£20,000 £21-£30,000 £31-£40,000

east anglia midlands

south west yorkshire north west/east scotland

£31-£40,000 £41-£50,000 £51-£60,000 £61,000+

ANNUAL BONUS VALUEWhat bonuses have you received over the last 2 years?

71% of respondents received no bonus. Of those respondents who did, the greatest proportion received £1-£2,500 (23%)

0

10

20

30

40

50

60

70

80

Nil £1-£2,500 £2,501-£5,000 £5,001-£7,500 £7,501-£10,000 £10,001 +

BONUS BY LEVEL OF RESPONSIBILITY

Accommodation managers (69%) and assistant accommodation managers (88%) mostly did not earn a bonus, while most regional managers did.

0

10

20

30

40

50

60

70

80

90

100

Nil £1-£2,500 £2,501-£5,000 £5,001-£7,500 £7,501-£10,000 £10,001 +

Accommodation manager Assistant accommodation manager Regional manager

ADDITIONAL BENEFITSWhich of the following additional bene�ts are included in your job role?

The most common bene�t is the pension scheme, followed by a mobile phone.

0 10 20 30 40 50 60 70

None

Mobile phone

Pension scheme

Subscription/professional fees

Health insurance

Performance related bonus

Other insurances

Company car

Flexitime

Share option scheme

Paid overtime

Lunch

PAY AND BENEFITSHow do you anticipate that your pay and bene�ts will be a�ected over the next 12 months?

51% believe their pay and bene�ts will be positively a�ected by market conditions over the next 12 months. 19% do not anticipate any change and only 5% believe market conditions will adversely a�ect their remuneration.

Positively Negatively No Change Don't know

JOB SATISFACTIONHow satis�ed are you with your current job role?

The majority of survey participants (44%) are satis�ed with their job, while 27% are neutral.

Very unsatisfied Unsatisfied Neutral Satisfied Very satisfied

IMPORTANT JOB INCENTIVESHow important are each of the following incentives to you?

Career progression is the most important priority for student accommodation professionals, followed by job security, responsibility and salary.

0 20 40 60 80 100 120

Range of intersting work

Salary

Management style

Job security

Working environment

Responsibility

Location of work

Career progression

Training/Development

Very unimportant Unimportant Neutral Important Very important

EMPLOYER OF CHOICEDo you consider your current employer an employer of choice?

Overall, 74% of respondents consider that their current employer is their employer of choice versus 26% who do not.

Yes No

CHANGE EMPLOYERHow likely are you to change employer in the next 12 months?

The results are mixed. 32% of respondent’s state that they are likely to change employer in the next 12 months, versus 36% who are unlikely. 32% state they don’t know.

Unlikely Don't know Likely

CHANGE EMPLOYER AND LEVEL OF RESPONSIBILITY

Assistant managers are more likely to change employer, whereas regional managers are more unlikely.

0

10

20

30

40

50

60

70

Unlikely Don't know Likely

Accommodation manager Assistant accommodation manager Regional manager

CHANGE of EMPLOYER REASONIf you were to leave your current employer, what would the main reason be?

Career progression is the primary motive for leaving an employer, followed by salary and management style.

0 5 10 15 20 25 30 35 40

Career progression

Salary

Management style

Range of interesting work

Job security

Career change

Location of work

Redundancy

Working environment

Retirement

Responsibility

The Property Recruitment Company are the leading specialist recruiting agency for a range of role across the rapidly expanding student accommodation sector around the UK.

The Property Recruitment Company has established a customer focused partner relationship brand that looks to work closely with our clients. By being able to immerse ourselves in our partners culture and operations it has allowed us much more time to bespoke hiring solutions to the individual requirements of each particular hire.

The Student Accommodation sector is one we are very passionate about and it is going through exciting times but for organisations to grow you need excellent people and we want to play our part in your growth.

katie@propertyrecruitmentcompany.com+44 (0) 203 640 2132